Allspring Global Investments Holdings LLC Has $119.94 Million Position in TKO Group Holdings, Inc. (NYSE:TKO)

Allspring Global Investments Holdings LLC grew its position in TKO Group Holdings, Inc. (NYSE:TKO) by 59.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 969,526 shares of the company’s stock after purchasing an additional 362,460 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TKO Group were worth $119,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock worth $32,000 after buying an additional 89 shares during the period. MFA Wealth Advisors LLC acquired a new stake in shares of TKO Group during the second quarter worth about $36,000. Quarry LP bought a new position in shares of TKO Group during the 2nd quarter valued at about $51,000. GAMMA Investing LLC lifted its holdings in shares of TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock valued at $55,000 after purchasing an additional 408 shares in the last quarter. Finally, CWM LLC grew its position in shares of TKO Group by 92.3% in the 3rd quarter. CWM LLC now owns 646 shares of the company’s stock valued at $80,000 after purchasing an additional 310 shares during the period. 89.79% of the stock is owned by institutional investors.

Insider Transactions at TKO Group

In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 53.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on TKO shares. Roth Mkm raised their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Morgan Stanley upped their target price on shares of TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. TD Cowen lifted their price target on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group boosted their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.21.

TKO Group Stock Up 1.5 %

NYSE:TKO opened at $129.93 on Monday. TKO Group Holdings, Inc. has a twelve month low of $72.33 and a twelve month high of $130.95. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of -135.34 and a beta of 1.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $120.93 and its two-hundred day moving average price is $110.29.

TKO Group (NYSE:TKO) last issued its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The firm had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. TKO Group’s quarterly revenue was up 178.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Equities research analysts expect that TKO Group Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.